Johnson Financial Group Inc. Buys Shares of 36,089 WEC Energy Group, Inc. $WEC

Johnson Financial Group Inc. bought a new position in WEC Energy Group, Inc. (NYSE:WEC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,089 shares of the utilities provider’s stock, valued at approximately $4,214,000.

Several other hedge funds have also modified their holdings of WEC. Vanguard Group Inc. grew its position in shares of WEC Energy Group by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 41,099,951 shares of the utilities provider’s stock worth $4,334,401,000 after buying an additional 819,627 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of WEC Energy Group by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 8,838,003 shares of the utilities provider’s stock worth $928,653,000 after acquiring an additional 88,557 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in WEC Energy Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,336,861 shares of the utilities provider’s stock valued at $562,826,000 after acquiring an additional 52,467 shares during the last quarter. Northern Trust Corp lifted its position in WEC Energy Group by 1.4% during the fourth quarter. Northern Trust Corp now owns 3,641,145 shares of the utilities provider’s stock valued at $383,995,000 after acquiring an additional 48,903 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in WEC Energy Group by 175.0% in the fourth quarter. Franklin Resources Inc. now owns 3,357,608 shares of the utilities provider’s stock valued at $354,093,000 after acquiring an additional 2,136,542 shares in the last quarter. 77.20% of the stock is owned by hedge funds and other institutional investors.

WEC Energy Group Price Performance

Shares of NYSE:WEC opened at $109.38 on Thursday. WEC Energy Group, Inc. has a twelve month low of $102.95 and a twelve month high of $119.91. The company has a current ratio of 0.53, a quick ratio of 0.39 and a debt-to-equity ratio of 1.35. The company has a market cap of $35.64 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company’s 50 day moving average is $113.09 and its 200 day moving average is $113.78.

WEC Energy Group (NYSE:WEC) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.11 billion. WEC Energy Group had a net margin of 16.69% and a return on equity of 12.90%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 EPS. WEC Energy Group has set its FY 2026 guidance at 5.510-5.610 EPS. On average, sell-side analysts forecast that WEC Energy Group, Inc. will post 5.59 EPS for the current year.

WEC Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.9525 dividend. This represents a $3.81 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 14th. WEC Energy Group’s dividend payout ratio is presently 73.84%.

Analysts Set New Price Targets

Several research firms have issued reports on WEC. Mizuho set a $124.00 price target on shares of WEC Energy Group in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on WEC Energy Group from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings cut WEC Energy Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. BMO Capital Markets dropped their target price on WEC Energy Group from $120.00 to $117.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. Finally, Truist Financial decreased their price target on WEC Energy Group from $122.00 to $114.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.91.

Insiders Place Their Bets

In other WEC Energy Group news, Director Ulice Payne, Jr. sold 980 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $105.58, for a total transaction of $103,468.40. Following the sale, the director directly owned 19,588 shares of the company’s stock, valued at approximately $2,068,101.04. This trade represents a 4.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

WEC Energy Group Company Profile

WEC Energy Group is a Milwaukee, Wisconsin–based regulated energy holding company whose primary businesses are the generation, transmission and distribution of electricity and the distribution of natural gas. The company operates through a set of utility subsidiaries that provide bundled energy service, customer billing and energy-related programs to residential, commercial and industrial customers. As a regulated utility group, WEC’s operations focus on delivering reliable service while managing infrastructure investment and compliance with state and federal utility regulation.

Its utility subsidiaries include well-known regional operators such as We Energies and Wisconsin Public Service, along with Chicago-area natural gas utilities that were part of the Integrys Energy Group acquisition.